Some of the links here on Where-to-Buy-Bitcoin.com are affiliate links, which means that we sometimes get a compensation from the reviewed products and services. However, we are independently owned and the opinions expressed on the website are our own. We test each service and product throroughly and recommend only the very best.
Cryptocurrency has been around for more than a decade, although it became far more popular in the last five years. While many coins spring up almost every day, many seasoned investors choose to go with older coins that have done well over time. One of these is Litecoin. Litecoin was launched in 2011 and has remained relevant. If you are interested in getting Litecoin, this guide is a great place to start. But you need an exchange to buy Litecoin. Here are some exchanges we compiled for you.
Best Exchanges to Buy Litecoin Now
As a crypto enthusiast, you might get confused about where to buy Litecoin quickly. Why? Some exchanges also take an unnecessarily long time to credit you with Litecoin. Here are some exchanges you can buy Litecoin and get it instantly:
1. Coinbase
- A large number of cryptocurrencies and trading pairs
- Beginner-friendly interface and easy purchase process
- Supports over 100 cryptocurrencies and crypto pairs
- Also offers advanced trading platforms in addition to its beginner-friendly platform
- Lower fees with Coinbase Pro
FUNDING METHODS
CRYPTOCURRENCIES
40+
COUNTRIES
100+
2. Kraken
- In all operating jurisdictions, Kraken is fully licensed and able to operate legally, including the US and UK
- Industry-leading security
- All personal information, such as Know Your Customer protocol information is securely encrypted and stored
- A large range of cryptocurrencies to choose from
FUNDING METHODS
Wire Transfer, ACH
CRYPTOCURRENCIES
20+
COUNTRIES
300+
3. Crypto.com
- Supports over 250 crypto coins
- Wide variety of payment methods
- A Short verification process for fast trading
- Relatively low fees
FUNDING METHODS
Crypto, Credit Card, Bank Transfer, Debit Card
CRYPTOCURRENCIES
200+
COUNTRIES
80+
4. Prime XBT
- It offers lower fees, maximum leverage, competitive trading conditions, and competitive trading fees
- Offers 100x leverage of up to 1:100
- Robust technical analysis tools and charting
- Trades can be executed instantly since the platform uses the latest liquidity resources
- Novel covesting feature and turbo trade
FUNDING METHODS
Crypto, Credit Card
CRYPTOCURRENCIES
7
5. Binance
- Relatively lower fees in comparison to other exchanges
- Wide range of cryptocurrencies with over 300 different assets to choose on
- Advanced trading tools for advanced traders
- Crypto-to-crypto or fiat-to-crypto trading
FUNDING METHODS
CRYPTOCURRENCIES
175+
COUNTRIES
100+
Does Litecoin have pros? Or Cons?
Pros
- With a faster transaction speed than Bitcoin, Litecoin makes it easier for you to send and receive money in the form of crypto.
- Many companies accept Litecoin as a means of payment, including Travala and Twitch.
- Investing in Litecoin is relatively cheaper than other older cryptocurrencies like Bitcoin and Ethereum.
- Transactions are cheap on Litecoin, saving you money.
Cons
- Demand for Litecoin is dwindling as new cryptocurrencies spring up.
- According to some people, Litecoin mining is harmful to the environment. This is because of its high energy consumption.
How did Litecoin begin?
Litecoin began as a project to ‘right’ the wrongs of Bitcoin at that time. Because there were few altcoins a decade ago, many people relied on Bitcoin for investments and payments. Litecoin brought a solution to Bitcoin’s drawbacks by making transactions easier for everyone.
How to buy Litecoin in 3 easy steps:
Sign up to a centralised exchange. Be sure it supports Litecoin before you sign up.
Submit a valid ID so you can withdraw your fiat/Litecoin.
Use a debit card/wire transfer to deposit money into the exchange. You can now use your funds to buy Litecoin.
What is Litecoin about?
Litecoin is a decentralized cryptocurrency created as an alternative to Bitcoin. Using Bitcoin’s code, Litecoin leverages BTC’s technology in a better way. Since its creation, Litecoin has remained a top coin in the cryptocurrency space. It is one of the top 30 coins by market cap today.
How does a Litecoin transaction work?
When you send Litecoin to someone, the transaction appears on the blockchain. Now, for the transaction to be processed, miners have to come in. Miners are people who verify transactions on a blockchain. When they verify your transaction (and other transactions simultaneously), the transaction is complete. Your Litecoin finally arrives at its destination.
Where can I buy Litecoin?
You can buy Litecoin directly from the Litecoin website. Alternatively, you can use different p2p platforms on the internet to trade your fiat for Litecoin. But your best bet is to use any of the exchanges we listed. They are fast, reliable and safe.
Conclusion
Frequently Asked Questions
Who is behind Litecoin?
Charles Lee, an ex-Google software engineer, is the creator of Litecoin. Lee saw that Bitcoin had a future, but it has some drawbacks. He created Litecoin to complement Bitcoin and to be used for everyday payments.